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tv   CBS Morning News  CBS  October 28, 2011 4:30am-5:00am EDT

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gaining traction. the u.s. economy shows life, sending stocks soaring. but when will main street get some relief? from the ruins. more amazing rescues in turkey overnight with some victims surviving more than four days buried in the rubble. and a cardinal comeback. a walkoff extra inning home run forces a world series' seventh game for the first time in nine years. >> see you tomorrow night! captioning funded by cbs
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this is the "cbs morning news" for friday, october 28th, 2011. and good morning, everybody. good to see you. happy friday. appreciate you joining us. i'm terrell brown. we begin with the u.s. economy. some signs of growth though not enough to relieve the high unemployment rate. even a little good news was enough to trigger a big rally on wall street. the dow jones industrials opens this morning after its largest single gain in august. the dow jumped nearly 340 points yesterday. for october it's up 11%, that is on track for its largest one-month percentage gain in 25 years. ashley morrison is here in new york with more. good morning to you. >> good morning to you, terrell. >> reporter: asian markets picked up where wall street left off. the eu debt deal put many overseas investors in a buying mood. tokyo's nikkei gained almost 1.5%. hong kong's hang seng was up almost 2%. here at home, the month is so good for stocks some are calling it rocktober.
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but it's, once again, a tale of wall street versus main street. fears of recession have eased for the moment, but they haven't been erased. technically, the economy has recovered from the recession. our gross domestic product, that's the total value of all the goods and services in america, hit 13.3 trillion dollars in the third quarter, surpassing the previous peak set before the economy went south in 2007. there is plenty of other good news. the huge rally on wall street has pushed stocks into positive territory for the year. consumer spending was up 2.4% last quarter, the biggest jump in more than a year. and retailers are forecasting a happier holiday season, projecting almost a 3% sales increase, that is better than the average for the past decade. but there is also plenty of bad news. unlike previous recoveries, we are still not seeing the positive signs where they are needed most. unemployment is expected to stay high for quite some time.
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consumer confidence is at its lowest since the recession. >> i think we are very vulnerable. >> reporter: economist mark zandi warns that will have to change for businesses to start hiring. >> until that happens, our economy will be fragile and at risk of anything going wrong. we will go back into a recession. >> reporter: the housing market continues to drag everything down. foreclosures jumped 15% with millions of homeowners in trouble, it could be years before we are able to dig ourselves out of the hole. a word of warning about the gdp numbers everyone is getting so excited about. the economy grew 2.5% last quarter, which was a major jump, but it's nowhere near enough to say we are out of the woods. for that, we would like to see 4% or higher. terrell? >> cautious optimism at this point. ashley morrison in new york, thanks. to the occupy wall street protests now.
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a candlelight vigil held last night in oakland for scott olson. he was the iraq war veteran injured in tuesday night's clashes with police. in this video posted on youtube, olson is shown being carried by other protesters through tear gas. he was struck in the head by an unknown projectile. when police were dispersing the crowd. i skull was fractured but his doctor says he is making positive signs. >> he actually can communicate. he can make signs. he can write. he clearly understands what we are saying. huge neurological improvement over what he was when he got here. but he is still having trouble articulating words. >> reporter: last night, there was a vigil in nashville. police imposed a curfew after demonstrators refuse to do leave their camp outside the state capital. overseas, another miracle rescue in turkey. earlier this morning, about 100 hours after sunday's massive earthquake, a 13-year-old boy was pulled alive from beneath a collapsed building. the quake killed at least 570 people and injured 2,300 others.
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it was another cold and wet night in turkey that hampered rescue efforts and made life even more miserable for survivors. some 2,000 buildings have been destroyed. to politics now. more than a half dozen debates between the republican presidential candidates are schedule before the january 3rd iowa caucuses. but in an unusual move, texas governor rick perry may be a no-show. susan mcginnis is in washington with that. good morning to you. >> reporter: good morning. yes, perry's advisers are regrouping and trying to figure out the most effective way for him to spend these next eight weeks and they may be agreeing with those who saying the debates are not doing rick perry any favors. rick perry's next gop debate could be one of his last. >> rick, i'm speaking. i'm speaking. i'm speaking! >> reporter: following several weak performances and a slip in the polls, the texas governor is considering skipping some upcoming debates to reignite his campaign. he will face off with his rivals in michigan november 9th, but he
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hasn't committed to any other debates. >> i would never skip a debate. >> reporter: the rest of the gop field was quick to criticize him. >> i don't see how somebody can say that they can't debate rick santorum or newt gingrich or ron paul, but they will be ready to debate barack obama. >> reporter: perry has long admitted he is not a strong debater. believing he is better at one-on-one interaction with voters. all of the gop candidates have their work cut out for them. a new time magazine shows he still leads every single republican rival. at an education forum on thursday, michele bachmann attack the president's latest executive order helping student grads to pay off student loans. >> it is unwise for the president to make the suggestion he did. one, i believe it's abusive power from the executive. >> reporter: but the president says he is not paying much attention to the gop pack. last night, at a restaurant in washington, he had dinner with four supporters.
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two retired teachers, a postal worker and a small business owner, all won a campaign contest to share a meal with the president. now the obama campaign flew in those four winners from four important states, alabama, minnesota, indiana, colorado, all states important to the re-election campaign. >> yep. it is up and going already for 2012. susan mcginnis in washington, thank you so much. in washington, house of representatives is doing some skipping of its own. the house announced it will be in session for just 109 days next year, an election year. last year, the house met 127 times. and 159 times in 2009. the criminal case against former democratic presidential candidate john edwards is headed to trial. edwards is accused of hiding nearly $1 million to hide an affair with a campaign aide. yesterday a judge rejected a motion by edwards' lawyers to have the case dismissed. the trial is scheduled to start in january. now to ponzi king bernie madoff. in an interview, he says he
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actually likes it in prison better than he was living the high life. madoff's family has been in seclusion, but in an interview with "60 minutes," madoff's wife tells morley safer about the december date in 2008 when her husband finally confessed. >> i was kind of paralyzed. bernie got up and said, "i'm going back to the office." >> reporter: was he emotional in any way? >> i don't remember that. he must have been. >> reporter: apologetic in any way? >> probably, yes. i -- it's sort of a blank now. i'm not hedging here. i just simply don't remember every detail. i was in such a state. >> reporter: later that day, that evening, you both turned up at the office christmas party. >> i know. he phoned me from the office and he said we have to go to the office christmas party, so i got myself together and went over there. we stayed a half an hour and we just went home.
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the next morning, the fbi was there to arrest him at about 7:00 a.m. s >> you can see morley safer's interview with madoff's wife and son that is coming up on "60 minutes" on sunday. right here on cbs. coming up on the morning news, the defense witness in the trial of michael jackson's doctor, who caught prosecutors off-guard. plus, they are back. beavis and butt-head take on snookie and the twilight flicks. this is the "cbs morning news." with chili's $6 lunch break combos, featuring texas toast half sandwiches. chili's lunch break combos. is saturday.
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at least seven people are dead after an indiana highway crash. police say a tractor-trailer slammed into a minivan last night. this was on the border near michigan. ten people were in that minivan. three were taken to hospitals, along with the truckdriver. witnesses say the minivan may have hit a deer and stopped before being hit by that truck. in the manslaughter trial of michael jackson's doctor, dr.
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conrad murray, he will not testify in his own defense. his last witness took the stand yesterday. that would be dr. paul white. he rejected the prosecution's theory on how jackson died. >> if, in fact, murray had administered the drugs that he described in his conversations with the police department and the doses that he described, i would not have expected michael jackson to have died. >> dr. white could conclude his testimony today, but the prosecution won't start its cross-examination until next week. in health news this morning, millions of people take aspirin to prevent heart attack and stroke and now british researchers have found it may have another big benefit. rita nissan reports from london. >> reporter: don maxton was with his mother when she was diagnosed with colon cancer. >> they checked her out right away and they could tell there was something, there was something wrong. of course, we suspected colon cancer at that point. >> reporter: his family history puts him at higher risk at getting the disease but now british scientists have found a very common drug may be able to cut that risk.
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>> we set out to try to see if it would prevent -- and today we are announcing that it does. >> reporter: researchers found that two aspirins a day can lower cancer rates around 60% in people who are genetically predisposed with colon cancer. scientists say the results are so impressive that doctors should consider giving aspirin. to all high-risk patients. the study took two regular strength aspirin a day. despite family history and age, lifestyle factors including obesity and smoking can put you at increased risk at colon cancer and so can a diet of red meat and lack of exercise and heavy alcohol use. aspirin may seem like a simple solution but it has side effects. including bleeding.
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>> it is important to do this after having spoken to your physician and finding out exactly just how high risk you are. >> reporter: maxton takes a low dose aspirin for his heart and plans to ask his doctor if he should take more to protect against cancer. rita nissan for cbs news, london. a couple of very familiar faces are back on mtv. >> is bella a zombie? she is always standing there with her mouth open and acts like she is did. >> quiet! >> sorry. >> unmistakable. you know who this is. after 14 years, beavis and butt-head have returned. now they are trashing the twilight movies and reality tv. if you thought they might have matured since the '90s, they have not and it's not a big surprise, by the way. coming up next, we will take a break and have your thursday morning weather. in sports, we have a world series. cardinals make a dramatic comeback and force a game seven against the rangers. >> see you tomorrow night! .. but my needs changed... i wanted support for my heart... and now i get it from centrum specialist heart.
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the top brands of tools to the newest electronics and more. that's real deals for real savings. sears. here's a look at the weather in some cities around the country. time now for a check on the national forecast. the latest satellite picture shows clouds leaving the northeast and clear skies over the southwest. later today, a threat of showers from alabama to the carolinas. chilly in the northeast and southern plains. and it stays warm and dry in the southwest.
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in sports this morning, it was one for the ages. the st. louis cardinals stunned the texas rangers, and now the world series goes to a game seven. the hero of the game? cardinals david freese. bottom of the ninth, he triples off the wall to tie the game at 7. then in the 11th, smacks a towering lead-off home run straight to center. it gave st. louis an amazing come-from-behind win. cardinals take this one 10-9 over the rangers. >> it feels good. you know, i felt like i was a part of a circus out there, bouncing balls off the top of my hat a little bit, but, man, i just wanted an opportunity -- you know, we tied that up. we had some good abs and tied that up and just kept battling. >> he is the man. the deciding world series game seven, the first since 2002, will be tonight. in college football, a basketball like score. 18th ranked houston faced off against rice and kept running up the points. the cougars case canan threw a record-setting nine touchdown passes.
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houst trouns houston trouns rice 73-54. houston trounces rice. when we return, another look at this morning's top stories. taking a run at ebay. the hot new website that lets people outsource simple errands. nds. ♪ [ gong ] strawberry banana! [ male announcer ] for a smoothie with real fruit plus veggie nutrition new v8 v-fusion smoothie. could've had a v8. cubanv8 v-fusion smoothie. cajun raw seafood pizza parlor french fondue tex-mex fro-yo tapas puck chinese takeout taco truck free range chicken pancake stack baked alaska 5% cash back. right now, get 5% cash back at restaurants. it pays to discover. we know how to tighten our purse strings. sugar salmon flakes! sorry buddy. even with bath tissue. that's why i buy new charmin basic. it's very reasonably priced. and it holds up so much better than the leading competitive brand. new charmin basic has a duraflex texture... that's soft and durable. plus, it's two times stronger when wet
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on the "cbs morning news," here's a look at today's weather. a system, a storm system hitting the southeast. clear, yet, chilly conditions, arrive in the northeast. the southwest is warm with highs in the 70s and 80s. look for a new storm to enter the northwest later today. here is another look at this morning's top stories. stocks in asia are surging today following the lead off wall street. the dow jones industrials opens the day following yesterday's 339-point surge. early this morning, another murges miraculous rescue in turkey. a 13-year-old boy was pulled alive from a collapsed building over a hundred hours since sunday's powerful earthquake.
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a new website called zaarly is off to a running start with 14 million in financing. it allows people to post requests for good or services and other people bid to fulfill them. c-net's karla suboard reports. >> reporter: peter clark is a san francisco college student who is looking to fine-tune his deejay skills. >> i just want to make sure that i'm not building bad habits or doing something that i shouldn't be doing. >> reporter: to quickly find a more experienced deejay for a lesson, he puts his request on zaarly, a new web and mobile app where users list the request, price and time frame for goods and services and hopes someone can fulfill it. >> and boom. our goal is to make it dead easy for people to find what they want and for people to make money and transact with one another. >> reporter: zaarly launched earlier this year from ashton kutcher, the star of cbs' "two and a half men." >> we are a 60,000 users and growing like crazy.
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>> reporter: none of the similar sites like these shown here tap into existing tech like zaarly. >> this would have been impossible without a facebook, without a twitter and google maps on mobile. >> reporter: i had my stop watch running and it took exactly 45 minutes for peter to put out the request that he was looking for a deejay and will to show up at his doorstep. >> tighten it up. >> reporter: both peter and will said they enjoy the zaarly experience. >> he showed me points on what i should and shouldn't be doing. i'm happy. >> i think it's a lot of fun. do you know what i mean? if you have the spare time on your hands and you can provide a service, why not? >> reporter: zaarly derives its name from the word bizarre and the idea that everything is for sale. in san francisco, karla suboard for cbs news. the birthday of lady liberty. the statue was dedicated in new york harbor, 125 years ago today. ever since, she stood as testament to the american dream, welcoming millions of immigrants. a big macy's fireworks show will
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celebrate the big day tonight and a web cam has now been installed in her torch so anyone can enjoy the show. if you want to visit her, you better hurry. the statue will be closed for a year starting tomorrow for renovations, although the park will remain open. interestingly enough, the new york city parks department says 86% of visitors to that island don't actually step inside the statue. i'm terrell brown. and this is the "cbs morning news." ven heat. ah! hand me that lotion. mmmm. nice. you know that's frosting? do me a favor. get my back! time for a new stove? come to the sears holiday preheat event now and save 40% to 50% off all kenmore wall ovens, 20% to 30% off all other kenmore cooking, plus an extra 5% off all appliances with your sears card. sears.
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a winter storm watch this morning. that and more on the scientist that was on the south pole when she had a stroke. the statue of liberty turning 125 and more details on the iraq war veteran hurt in oak land california. more on the weather and ,,,,
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